Member Info for laidback

Old timer they seem to live in cloud cuckoo land if they think 20s gonna last

Old timer they seem to live in cloud cuckoo land if they think 20s gonna good

Ithink we may see 18p this week

Magsy
Curvy dumb human

Yeah Messi I'm relieved about that. In fact balls have been nicely licked this morning. That's why I'm chilled out.

I'm keeping schtumm

You obviously don't like my warnings

$31.74

I'm still expecting to see the teens here again .... 18p to be specific

$31.29

Now up under 2%

Now euphoria of cuts us over, we will get back to demand reality .... I think Brent will be in 20s very soon !

Up stonking 3.24%

Huge rise on unprecented world wide mutlimillion oil production cuts. One of the most positive moves made to support oil. I think it's risen 1 or 2 % so far.

I wander what happens after euphoria of these cuts evaporates ?

$31.3

Now red

Not looking good guys

now falling ...

$32.31 - 2.64% rise

Not very impressive

please - is oil up or down ?

FUTURE - pleasure !

https://www.bbc.co.uk/news/business-52264546

The oil analyst thinks prices could dip below $20

Moremash

I'm not going to tell you my position, im genuinely private like that.

My take on this - there's no way to predict how the market will take these cuts when demand has fallen off a cliff and no end in site. Shenanigans over weekend will not have impressed.

Yeah sure - the cut and size of participants is unprecedented. But demand destruction is unprecedented but on an even bigger scale.

If I was an optimist, I would hope this stabilises prices in mid-30s.

If I was a pessimist, I would think that prices could fall to teens in May.

My own reasoned position is that we will probably see Brent in the 20s over next few months.

Just my thoughts ....

cheers NewKOTB